We consider a long-run player facing a sequence of short-run opponents who receive noisy signals of the long-run player's past actions. We modify the standard, synchronous-action, model by supposing that players observe an underlying public signal of the opponent's actions at random and...

We prove the perfect-monitoring folk theorem continues to hold when attention is restricted to strategies with bounded recall and the equilibrium is essentially required to be strict. As a consequence, the perfect monitoring folk theorem is shown to be behaviorally robust under almost-perfect...